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JD.com’s founder vows to protect 900,000 jobs from AI. His warehouse strategy says otherwise.

Liu Qiangdong’s pledge to safeguard JD.com’s workforce from automation sits uncomfortably with his own ‘unmanned era’ vision and a flagship warehouse already running on four employees. Liu Qiangdong, the founder of Chinese e-commerce giant JD.com, vowed in an internal speech this week to protect the company’s 900,000-strong workforce from AI and robotics, according to a […]

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Jensen Huang joins the Tsinghua University advisory board chaired by Tim Cook

The Nvidia CEO accepts a seat on Tsinghua’s School of Economics and Management board alongside Musk, Dell, Nadella, Zuckerberg, Dimon and Fink, days after travelling to China with Trump. Jensen Huang has accepted an invitation to join the advisory board of Tsinghua University’s School of Economics and Management, according to a Financial Times report. The […]

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Vincent Bolloré rejects Ackman’s $64bn Universal Music bid

Vincent Bolloré has formally turned down Bill Ackman’s Pershing Square offer for Universal Music Group, ending the largest take-private attempt in music-industry history. Vincent Bolloré has formally rejected Bill Ackman’s $64bn offer for Universal Music Group, according to a Reuters report on Wednesday, ending Pershing Square’s seven-week campaign to take the world’s largest recorded-music company […]

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NVIDIA’s Jensen Huang calls Taiwan the ‘epicentre’ of the AI revolution as spending hits $150bn a year

NVIDIA chief executive Jensen Huang told a Taipei audience at Computex 2026 on Wednesday that Taiwan is the “epicentre” of the AI revolution, and that the company’s annual spending on the island will reach roughly $150bn a year. The number, the highest specific Taiwan-spend figure Huang has yet disclosed publicly, makes Nvidia’s commitment to the […]

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Dropbox founder Drew Houston steps down as CEO after 19 years as the company he built gets squeezed by Google and Apple

  Drew Houston, the co-founder who built Dropbox from a Y Combinator demo into a company with more than 700 million registered users, is stepping down as chief executive. Ashraf Alkarmi, Dropbox’s current head of product, has been named co-CEO effective immediately. After a transition period, Houston will become executive chairman and Alkarmi will take […]

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Wall Street is paying $25,000 a day for AI trainers who used to work there

Felipe Sinisterra and Dave Wang, two ex-bankers, are booked out for the next two months teaching financial institutions to actually use the AI tools they have already bought. Felipe Sinisterra and Dave Wang, two former investment bankers, are charging banks and investment funds up to $25,000 a day to teach senior staff how to use […]

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Honeywell’s Quantinuum settles on $12.7bn IPO target after $20bn whisper

Quantinuum, the quantum-computing company majority-owned by Honeywell, is targeting a valuation of $12.7bn in its US IPO, according to a Reuters report on Tuesday, a level materially below the $20bn-plus figure that circulated earlier in May when the company filed its S-1. The new figure puts the IPO at roughly 27% above the $10bn pre-money valuation […]

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Pope Leo’s first encyclical reads as tech regulation as much as theology

The 24 hours since Pope Leo XIV published his first encyclical, Magnifica Humanitas, have produced something unusual: a papal document being read in earnest by financial and policy capitals as a piece of tech-regulation analysis rather than a piece of theology. The text addresses governments, parliaments and the executives of the largest AI companies directly, […]

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BNP Paribas works with Mistral on a European answer to Anthropic’s Mythos

BNP Paribas is working with Mistral AI to prepare for a category of AI cybersecurity tools its US peers already use and its European supervisors cannot reliably get hold of, according to a Bloomberg report on Tuesday. The Paris-based bank, the eurozone’s largest by assets, is one of several European institutions helping Mistral develop a […]

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Iran-linked hackers reached LA Metro’s rail-yard control display in March, Israeli firm finds

Iranian hackers were behind the cyber-attack that forced parts of the Los Angeles County Metropolitan Transportation Authority offline in March, according to research published on Tuesday by Gambit Security, a Tel Aviv cybersecurity firm that says it traced 700 gigabytes of stolen emails, backups and other files back to a server tied to a previously identified Iranian […]

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